Sunday, February 18, 2024
HomeLife InsuranceWhat are COMDEX rankings for all times insurance coverage firms?

What are COMDEX rankings for all times insurance coverage firms?


This is the Scoop

  • COMDEX rankings for all times insurance coverage firms compile monetary energy rankings from among the greatest insurance coverage firm ranking businesses to make it simpler to grasp an organization’s monetary energy
  • COMDEX rankings are expressed in a rating from 1 to 100 that signifies which percentile an organization is in in comparison with different insurance coverage firms
  • The upper the COMDEX ranking, the higher an organization’s monetary energy

In case you’ve ever tried to study selecting one of many greatest life insurance coverage firms, you’ve in all probability heard in regards to the significance of monetary energy rankings when choosing a coverage. Nonetheless, discovering an organization’s monetary energy ranking could also be difficult and complicated, particularly with the numerous variations between ranking businesses’ strategies.

To make it simpler for customers and insurance coverage brokers, EbixLife developed the COMDEX rankings to compile monetary energy rankings from main ranking businesses. Nonetheless, in the event you’re questioning, “What’s a COMDEX ranking on life insurance coverage?” you’re not alone.

Hold studying under to study COMDEX rankings, what they imply, how one can discover them, and why it’s essential to grasp monetary energy rankings earlier than shopping for a coverage.

What are COMDEX rankings for all times insurance coverage firms?

COMDEX rankings are used to measure an insurance coverage firm’s monetary energy. COMDEX (which stands for composite index) combines the rankings from vital insurance coverage ranking businesses to create a percentile rating.

It averages the scores from among the greatest monetary energy ranking businesses, together with A.M. Greatest, Moody’s, Fitch, and Commonplace & Poor’s. Due to this fact, an insurance coverage firm will need to have rankings from no less than two of those businesses earlier than receiving a COMDEX ranking.

By utilizing the opposite businesses’ rankings, the COMDEX ranking produces a rating between 1 and 100. The upper the rating, the upper the insurance coverage firm’s monetary energy.

The COMDEX can generally make it simpler for consumers to grasp the monetary energy of an insurance coverage firm as a result of the rating correlates with the percentile to which the corporate belongs. For instance, if an insurance coverage firm has a COMDEX ranking of 85, it’s financially stronger than 85% of the opposite firms.

Enter your ZIP code under to view firms which have low cost insurance coverage charges.

secured lock Secured with SHA-256 Encryption

How are COMDEX rankings calculated?

COMDEX rankings are comparatively straightforward to calculate, however on a regular basis customers most definitely don’t wish to spend an excessive amount of time looking out a number of web sites to see every company’s ranking. As well as, it may be difficult to grasp every company’s ranking methodology.

Due to this fact, COMDEX rankings are calculated by EbixLife utilizing VitalSigns software program. The scores are recalculated each few weeks or extra usually for giant insurers. EbixLife can compile tons of data from every company to see which percentile an insurance coverage firm suits into in response to every company. The percentiles are then averaged to calculate the COMDEX ranking.

For instance, if an insurance coverage firm is within the ninetieth percentile from A.M. Greatest, eighty fifth percentile from Moody’s, and eightieth percentile from Commonplace & Poor’s, you’d merely add 90+85+80 and divide by three to get a COMDEX ranking of 85.

Moreover, the COMDEX ranking of 85 signifies that the insurance coverage firm has a greater monetary energy ranking than 85% of the opposite insurance coverage firms.

Why are monetary energy rankings essential?

While you’re trying to find a life insurance coverage firm, it’s important to make sure you’re shopping for a coverage from an organization that may adequately handle its property and supplies your life insurance coverage beneficiaries with the dying profit you paid for. Due to this fact, once you’re buying round, it may be useful to analysis an organization’s monetary energy earlier than shopping for from them.

The businesses listed above (A.M. Greatest, Moody’s, Fitch, and Commonplace & Poor’s) price insurance coverage firms primarily based on their monetary energy, together with creditworthiness, asset administration, profitability, income forecasts, and extra.

Nonetheless, it may be difficult to grasp the rankings from every of those businesses. It might even take a subscription to entry the knowledge needed to find out an organization’s monetary energy. However, the COMDEX ranking is simpler to grasp, compiles information from a number of sources, and is simple to seek out on-line.

How can I determine an organization’s COMDEX ranking?

Sadly, VitalSigns is accessible solely to insurance coverage brokers and brokers promoting insurance coverage insurance policies. Whereas they’ll present a model of the software program on their web site for particular person prospects, it’s not broadly out there.

Nonetheless, many web sites and blogs on-line will present lists of some top-ranking firms with their corresponding COMDEX ranking. Merely do a web based seek for “COMDEX rankings,” and also you’re more likely to discover just a few totally different lists which have been up to date just lately.

Enter your ZIP code under to view firms which have low cost insurance coverage charges.

secured lock Secured with SHA-256 Encryption

Who has the very best COMDEX ranking?

COMDEX rankings could change over time, however here’s a record of some high life insurance coverage by 2021 COMDEX rankings:

Prime 25 Life Insurance coverage Corporations by 2021 COMDEX Scores

Firm COMDEX Score
Northwestern Mutual Life Insurance coverage Firm 100
New York Life Insurance coverage Firm 100
Berkshire Hathaway Lifetime of NE 100
Academics Insurance coverage & Annuity Affiliation 100
USAA Life Insurance coverage Firm 99
TIAA-CREF Life Insurance coverage Firm 99
Berkshire Life Insurance coverage Firm of America 99
Massachusetts Mutual Life Insurance coverage 98
State Farm Life Insurance coverage Firm 98
Guardian Life Insurance coverage Firm of America 98
Knights of Columbus 98
Nice-West Life & Annuity 97
Solar Life & Well being Insurance coverage Firm 97
Minnesota Life Insurance coverage Firm 96
American United Life Insurance coverage Firm 96
Western & Southern Life Insurance coverage Firm 96
Integrity Life Insurance coverage Firm 96
State Life Insurance coverage Firm 96
Lafayette Life Insurance coverage Firm 96
Columbus Life Insurance coverage Firm 96
Securian Life Insurance coverage Firm 96
Metropolitan Life Insurance coverage Firm 95
Prudential Insurance coverage Firm of America 95
Pruco Life Insurance coverage Firm 95
Pruco Life Insurance coverage Firm of NJ 95

As we talked about above, COMDEX rankings can change each few weeks. Due to this fact, it might be useful to debate any adjustments with an insurance coverage agent that has entry to present studies.

Researching a number of life insurance coverage firms can take effort and time. Nonetheless, in the long term, it’s price it to make sure you’re selecting an organization that may present peace of thoughts and monetary help for you and your loved ones.

Editorial Tips: We’re a free on-line useful resource for anybody fascinated about studying extra about insurance coverage. Our aim is to be an goal, third-party useful resource for the whole lot insurance coverage associated. We replace our website commonly, and all content material is reviewed by insurance coverage consultants.

Melissa Morris has a BS and MS in train science and a doctorate in instructional management. She is an ACSM licensed train physiologist and an ISSN licensed sports activities nutritionist. She teaches diet and utilized kinesiology on the College of Tampa.
She has been featured on Yahoo, HuffPost, Eat This, Bulletproof, Vitacost, LIVESTRONG, Toast Fried, The Trusty Spotter, Greatest Comp…

Full Bio →

Written by

Melissa Morris
Professor of Diet & Kinesiology
Melissa Morris

Rachael Brennan has been working within the insurance coverage business since 2006 when she started working as a licensed insurance coverage consultant for twenty first Century Insurance coverage, throughout which period she earned her Property and Casualty license in all 50 states.
After a number of years she expanded her insurance coverage experience, incomes her license in Well being and AD&D insurance coverage as effectively. She has labored for small well being insu…

Full Bio →

Reviewed by


Rachael Brennan


Licensed Insurance coverage Agent


Rachael Brennan

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments